Paychex Flex is a cloud computing payroll managing network which helps consumers (Freelancers, small businesses, mid-size businesses) to supervise payroll operations with payroll managing mechanics, ingrained safeguards and automated payroll tax evaluation, settlement and payment, filling, and analysing tools.
It is a Human resources solution aimed at easiness. Innovative technology that expands and transforms your business, Paychex has the suitable blend of modern business solutions and reliable assistance to let you reach your aim. Let’s have a complete review of this payroll software.
How does it work?
Paychex Flex operates by coupling Human Resources superintendents and workforce via an integrated platform where workers can log in and supervise their specific and close details, and W-2 forms, and managers or superintendents in a position to process payroll, manage workers’ profiles, and set up or create reports.
Approachable from any computer or mobile phone through single sign-on, Paychex Flex directs to help consumers dissipate less time keying replicate details over multiple systems.
Processing Of Payroll
The payroll centre lists all payrolls and selects the required payroll. The payroll grid can be edited according to the requirements of different businesses and filtered by workforce or department for addition or editing salary amounts, hours worked, or hourly pay rates.
At the top of the page running totals are listed, and in the next step you can review worked hours and amounts paid, you can also view a list of workers with no worked hours, and logged in in-depth before creating reports.
After submitting payroll, Paychex Flex keeps the data or information for at least 15 minutes in order to avoid mistakes or any edits that are required, then automatically proceeds with the payroll and notifies the consumers.
Goals And Aims: Paychex Flex Review
Talent Management:
it claims to retain the best talent in a single HR software and smoothens the process of hiring and onboarding.
Workforce Management:
Improves the employee’s productivity and their ability to work.
Payroll and Financial Support:
Pays employees and manages taxes and other expenses, and much more.
Employee Benefits:
Attract the best and most talented employees by offering various benefits to them.
PEO and HR Outsourcing:
Offers comprehensive HR outsourcing solutions to benefit your business.
Employee Experience:
Improves the accuracy of your work by giving employees access to s training, self-service HR and financial tools.
Integrations:
Automatically integrates your software and Paychex Flex.
High Rated Features
- Direct Deposit – Payroll
- Check/W-2 Printing – Payroll
- Check/W-2 Delivery – Payroll
Paychex Flex Plans
They offer three payroll plans—Paychex Flex Essentials, Paychex Flex Select and Paychex Flex Pro.
Paychex Flex Essentials
Paychex Flex Essentials is the introductory plan. It is best for owners who prefer managing payroll themselves. Apart from payroll processing and payroll tax services, this basic and introductory plan also contains a new hire reporting feature, standard analytics, payment services, workers’ settlement services, economic wellness program and a workman Assistance Program.
The Essentials plan enable companies to electronically cord transfer salary into workers’ bank account or to print workforce checks from the office. The essential plan includes a mobile app for employers to access their Paychex account data.
Employers can submit payroll via the app. Business owners can set up this plan in minutes and start payroll processing within 24 hours.
Paychex Flex Select
Paychex Flex Select most well-known plan. Business owners can set up a new account can take a few weeks to complete relying on the intricacy of the company. Paychex Flex Select includes all the common features of Flex Essentials except the Employee Assistance Program and Payment Services.
The Flex Select plan provides business owners with personalized services to match their company’s needs. In addition to these services, Flex Select provides a learning management system that helps users to improve user retention.
Besides direct deposit, the select plan includes paper checks, checks to sign and also check logo services.
Paychex Flex Pro
Flex Pro is best for corporations that want complete payroll service and tax filing as well as Human resources hiring and handbook customization tools. The plan includes support with setting up payroll also dedicated payroll specialists and access to a highly trained payroll special.
A unique feature of this plan is state unemployment benefit services, an onboarding service that enables new employees to finish new-hire documentation including direct deposit and tax via an online portal and include an employee screening service.
Paychex Flex Other Features
- 401(k) Tracking
- Access Controls/Permissions
- Accounting Integration
- Alerts/Notifications
- Applicant Tracking
- Approval Process Control
- Assessment Management
- Attendance Tracking
- Background Screening
- Benefits Dashboard
- Benefits Management
- Biometric Recognition
- Calendar Management
- Candidate Management
- Direct Deposit
- Electronic Forms
- Employee Database
- Employee Onboarding
- Employee Profiles
- Employee Scheduling
- FMLA Administration
- For Accountants
- For Small Businesses
- HR Management
- Internal HR
- Leave Tracking
- Orientation Workflow Management
- Overtime Calculation
- Payroll Management
- Payroll Outsourcing
- Payroll Reporting
- Performance Management
- Reporting/Analytics
- Self Service Portal
- Tax Compliance
- Training Management
- Vacation/Leave Tracking
- W-2 Preparation
- Web-based Deployment
- Workflow Management
Paychex Flex Pricing
Paychex has three pricing plans. The basic first plan starts at $39 plus $5 per employee per month. The second two plans are priced depending on the company’s size and complexity of needs.
Comparison of Paychex Flex With Other Payroll Software
| Paychex Flex | Gusto | ADP RUN | |
| Starting Price | $39/month + per person rate based on company needs | $40/month + per person rate based on plan | $59/month + per person rate + fees for add-on features |
| Payroll | Payroll with direct deposit or in-house printed checks for employees and contractors, self-service portal. Option to add on filing and reporting for payroll taxes. | Automated payroll, direct deposit for employees and contractors, online pay stubs, automatic filing and reporting for payroll taxes | Direct deposit or check delivery for employees, automatic filing and reporting for payroll taxes |
| Benefits administration | Not included | Administer health, wellness, retirement, transportation, housing and custom benefits |
Pros:
- Easy employee payroll
- Garnishment payment service included
- Customizable plans
- Direct Deposit – Payroll 2% above average
- Check/W-2 Printing – Payroll 2% above average
- Check/W-2 Delivery – Payroll 2% above average
Cons:
- Extra fee for payroll tax filing
- Extra fee for W-2 and 1099 filing
- The additional platform needed for time tracking
- It can be relatively expensive compared to some other HR and payroll management solutions, which may be a concern for smaller businesses with limited budgets.
- The major drawback of Paychex Flex is that it is not clear or transparent with its pricing, because it did not offer pricing for two of its plans, it is difficult to determine whether it is a good deal for companies looking for payroll software or not.
FAQs
Is Paychex Flex legit?
Yes, Paychex Flex is serving since 1971 and is trusted by many small and medium-sized organizations.
What is the difference between Paychex and Paychex Flex?
Paychex offers simple payroll and HR services to all-size companies while later is only for small firms.
Which payroll software is best?
This mainly depends upon the size of your business, your interest and your requirements.
Conclusion
After a complete review of Paychex Flex, we came to the conclusion that it is beneficial for small businesses that need a rapid, easy payroll solution. It provides the resilience to add-on services like time tracking and tax filing, and you could smoothly develop into a more powerful and strong Paychex enterprise outcome as your company flourish.